What you gain from a specialist valuation
Know the likely premium
We turn lease details and market evidence into a reasoned figure you can rely on.
Use the right assumptions
Technical valuation choices are explained clearly, so you know what affects the price.
Negotiate from evidence
A supportable valuation helps you challenge a demand that appears too high.
Understand the premium before you commit
If you're trying to decide whether to extend a lease, the first question is usually cost. We prepare a specialist lease extension valuation to estimate the premium likely to be payable and to show how that figure has been reached. That matters because enfranchisement valuation is not the same as an ordinary market appraisal. The remaining term, current and reviewable ground rent, property value, lease wording and market evidence all affect the result, and small changes in assumptions can make a real difference.
From our Birmingham base, we help you understand the likely price range before you choose an informal approach or a formal claim.
Advice that supports offers and notices
We review the lease and the key valuation inputs, then explain what they mean in plain English. If you want to approach the freeholder voluntarily, Lawrence & Wightman can advise on a sensible opening position. If you're starting the statutory route, we can guide the notice figure and the later negotiation. The aim is not to guess the premium, but to give you an evidence-based range so you can question excessive demands, budget more accurately and move ahead with better information.
Frequently asked questions
Do I need a specialist valuation before I contact the freeholder?
You can make contact without one, but a specialist valuation gives you a clearer view of the likely premium and helps you judge any response. It also reduces the risk of starting discussions without understanding how the lease term, ground rent and valuation method affect the figure.
What information do you need for a lease extension valuation?
We usually need the lease, the remaining term, the current ground rent and any review pattern, along with the property address and an indication of value. If other documents or inspection details are needed for the Birmingham property, we'll explain that at the outset.
Can the valuation be used for a statutory claim as well?
Yes, the valuation can support a formal claim as well as informal discussions. We can use it to advise on an appropriate notice figure and then carry the same valuation reasoning into premium negotiations, so the case stays consistent as it progresses.